Mumbai, June 01, 2018: IndoStar Capital Finance Limited (IndoStar), one of India’s leading non- banking financial companies, announced its financial results for the year ending March 31, 2018. The NBFC reported Net Interest Income of Rs. 378.7Cr for FY18, a rise of 14% from Rs. 331.7 Cr in FY17 and a Profit After Tax of Rs. 224.4Cr for FY18, an increase of6% from Rs.210.8 Cr in FY17.This is the first annual results announcement after the company’s successful listing on the NSE and BSE on May 21, 2018.
Summary: Consolidated – FY18
| Particulars (Rs.Cr) | Q4 FY18 | Q4 FY17 | QoQ% | Q3 FY18 | QoQ % | FY18 | FY17 | YoY % |
| Net Interest Income | 92.9 | 87.4 | 6% | 93.7 | -1% | 3,78.7 | 3,31.7 | 14% |
| Total Income | 1,52.6 | 1,02.7 | 49% | 1,28.3 | 19% | 5,09.5 | 4,08.1 | 25% |
| PAT | 60.3 | 57.6 | 5% | 53.6 | 12% | 2,24.4 | 2,10.8 | 6% |
Consolidated financial update for the year ended March 31, 2018 (FY18)
- Networth stood at Rs. 2137.1 Cr for FY 18 up 12% y-o-y from Rs. 1,902.8Cr for FY 17
- The disbursement of loans was over Rs. 5,388.4 Cr for FY 18 up by 10% compared to Rs. 4,903.4Cr in FY 17
- AUM stood at Rs. 6,207.3 Cr for FY 18, a rise of over19% y-o-y from Rs. 5,235.9Cr for FY 17
Key company developments:
- The employee number is over 1,094 as on March 31,2018 as compared to 93 in March 31, 2017
- The company expanded from 7 branches as on March 31,2017 to 91 branches as on March 31, 2018 to offer Vehicle Finance, SME Finance and Housing Finance
The Gross NPA of the Company was at1.3% as onMarch 31,2018 (on 90 DPD NPA recognition basis) as compared to 1.4% as onMarch 31,2017 (on 120 DPD NPA recognition basis). The Net NPA of the Company was at1.1% as on March 31,2018 (on 90 DPD NPA recognition basis) as compared to 1.2% as on March 31, 2017 (on 120DPD NPA recognition basis).
The Capital AdequacyRatioof the company stood at 28.3%as onMarch 31, 2018. The company has forayed into Home Finance and Vehicle Finance in the September 2017 and December 2017.
Commenting on the results, R. Sridhar, Executive Vice- Chairman & CEO,said,“IndoStar has consistently posted positive results for the past 7 years while maintaining an excellent asset quality. We are happy to post our first annual result after listing. Our PAT has increase dat 6% while we made substantial investments in creating branch infrastructure and manpower for expanding into new business segments. Our primary growth engine will be Corporate Lending and Vehicle Finance whereas Housing Finance and SME Finance will offer strategic leverage.
Corproate Comm India(CCI Newswire)
